five-year plan(redirected from 5 year plan)
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A multiyear plan for economic development prepared by a government. For example, a five-year plan may state the methods and the amount of development that should be experienced by the industrial sector by the end of the plan. Five-year plans were introduced in the Soviet Union and were adopted by most other 20th-century communist states. For that reason, the term is associated with command economies.
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five-year plansee NATIONAL PLAN.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005